Drilling starts at Lidsey-X2, says Doriemus
StockMarketWire.com - Doriemus said it had been advised by Angus Energy, the operator of the Lidsey oil field, that the drilling of Lidsey-X2 had now commenced.
The field is located at the southern edge of the Weald Basin, near Bognor Regis.
The company said its operational guidance remained unchanged.
It said the current works at Lidsey had an expected operating window of approximately six weeks before actual production from the Lidsey-X2 horizontal well.
Doriemus owns a 20% direct interest in the onshore Lidsey oil field (PL 241) which has the right under the 21 November 2013 farm-out agreement, to own 30% of the next well on the Lidsey oil field. This next well is the Lidsey-X2 well.
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